Michael Phelps is single and ready to mingle ladies! The 27-year-old gold medal-winning swimmer has split from aspiring model, Megan Rossee, after realizing that the relationship was “not going anywhere”.

Phelps and Rossee dated for 10 months before he decided to call time on their romance, saying he wanted to “pursue other options”.

Michael Phelps’ camp has remained quiet about the split but the swimmer tweeted a cryptic message, writing, “Things happen for a reason…”.

Phelps was recently photographed playing beer pong with George Clooney’s girlfriend Stacy Keibler in Cabo San Lucas, Mexico on Saturday evening.

Megan Rossee shared a Twitpic on Sunday of herself alone. She retweeted quotes from Janis Joplin and Sex And The City, writing, “Some people are settling down…some are settling…and some people refuse to settle for anything less than butterflies.”

Michael Phelps and Megan Rossee went public with their romance in August on the red carpet of a Speedo event in London.

Insiders report Megan was into the romance due to Michael’s fame (and not to mention he is worth around $40 million).

One source said, “Michael is like a puppy dog around Megan – he’s completely in love with her. However, like any young girl hoping to make it in Hollywood, she’s ambitious and knows that by associating herself with Michael she will get a lot of press herself. She’s desperate for her own fame – her career has been a slow-burner but this will certainly accelerate it.”